First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 102,200 shares, a growth of 127.1% from the December 15th total of 45,000 shares. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is currently 2.0 days.
Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF
Hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.3% in the 2nd quarter. LPL Financial LLC now owns 761,860 shares of the company’s stock valued at $32,257,000 after acquiring an additional 24,312 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 133,914 shares of the company’s stock valued at $5,670,000 after purchasing an additional 9,249 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 9.9% in the second quarter. J.W. Cole Advisors Inc. now owns 4,967 shares of the company’s stock valued at $210,000 after purchasing an additional 446 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 2nd quarter worth about $1,136,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 2nd quarter valued at about $240,000.
First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance
ROBT traded up $0.31 during trading on Tuesday, hitting $44.33. The stock had a trading volume of 46,515 shares, compared to its average volume of 82,814. The stock has a 50 day simple moving average of $46.26 and a two-hundred day simple moving average of $43.88. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $36.91 and a twelve month high of $48.73. The company has a market capitalization of $441.08 million, a PE ratio of 29.47 and a beta of 1.22.
First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement
About First Trust Nasdaq Artificial Intelligence and Robotics ETF
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.
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